Funds allocated from state budget proved to be insufficient for all important residential developments in Almaty. As it was announced earlier, the Government decided to finance the projects of 17 developers through allotment of KZT 13 bn for completion. It is the opinion of Zhumabek Turegeldinov, the Senate Parliamentary that this list is to be extended. Decision to finance residential developments in Almaty through Kazyna fund was made right after the «financial injection» received by developers in Astana.
— In March 2008, a meeting of the government committee took place to discuss credit financing of construction companies which have incomplete share-interest developments. The government approved KZT 59 bn loan for the city of
Source: www.kn.kz
